its the start of the money trail an update ,they will be busy looking at finance options thats my read, we are still along way from production.
however that can change rapidly with a transport agreement,all the shutdowns will release an enormous supply of mining equipment at very competitive rates and essentially it is leased.
no time like now to enter the game with a high grade i/o
the market will be very conscious of costs and graded direct shipping costs i would think play a big role in the current climate.
particularly given the turmoil in world financial markets
and the expectation that the $aus will decline in relative value, i feel FMS are in reality in a prime position to start producing just in time for a more realistic exchange rate, hopefully supported by dramatic reform to the carbon and mrrt tax
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Open | High | Low | Value | Volume |
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